Mr. Andrew McGrath reports

CIBC LAUNCHES ADDITIONAL U.S. CANADIAN DEPOSITARY RECEIPTS ("CDRS")

Canadian Imperial Bank of Commerce's two new U.S. Canadian depositary receipts (CDRs) are now listed on the Toronto Stock Exchange and available for trading. Introduced to investors over three years ago, CIBC has a total of 103 CDRs, spanning four countries, available in market.

CDRs make it easy to invest in many of the world's largest companies -- in Canadian dollars. Offered at a fraction of the price per share of the underlying reference share and with a built-in notional currency hedge, CDRs provide investors with affordable access to global stocks while mitigating the currency risk associated with global investing.

CIBC's newest CDRs are based on well-known U.S. companies. The two new CDRs are listed below with corresponding TSX ticker symbols:

• Coinbase CDR (CAD Hedged) -- COIN;
• Lockheed Martin CDR (CAD Hedged) -- LMT.

These two will add to the existing lineup of CDRs which are currently available for trading.

The prospectus supplement for these latest series of CDRs has been filed on SEDAR+. For more information about CDRs, please visit CIBC's website.

About Canadian Imperial Bank of Commerce

CIBC is a leading North American financial institution with 14 million personal banking, business, public-sector and institutional clients. Across personal and business banking, commercial banking and wealth management, and capital markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.